Piedmont Natural Gas files for another gas rate reduction

Published on Friday, January 16, 2015

Piedmont Natural Gas Friday filed to further reduce its natural gas sales rates for customers in South Carolina and North Carolina. It’s the company’s second such request in as many months. 

In December, PNG requested and received approval to reduce its sales rates for customers in both states effective January 1 as a result of declining wholesale natural gas costs which Piedmont passes through to customers on a dollar for dollar basis.

Friday’s filings before both the Public Service Commission of South Carolina and the North Carolina Utilities Commission reflect additional declines in the company's wholesale natural gas costs.

If approved by the respective commissions, the new rates would go into effect on Feb. 1 with residential customers seeing a reduction of about 3 percent from January rates and about 8 percent since the start of the winter period. The average residential customer in the Carolinas would save $10 to $15 over the remaining winter months of February and March.




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